Singapreans to get top priority

Business employers have been urged to give priority to Singaporeans by avoiding retrenchments. This was a message by the secretary general of the National Trade Union Congress, Mr Lim Swee Say recently at the Singapore Tripartism Forum on Thursday.

In the late, many companies have been making decisions to axe/retrench their employees to keep the costs down and to survive in this economy downturn. DBS and NOL were among the list.

Local companies are being reminded that there is a quota to be met, by hiring local talent before foreign ones can be hired. However, it is understandable that foreign workers are also neccessary for these companies to keep their costs down and avoid relocating to overseas.